CMI and ABS to work together to ensure business schools form a relationship with managers to improve graduates' practical skills
The Chartered Management Institute (CMI) has revealed it will join forces with the Association of Business Schools (ABS) to bridge the gap between UK business schools and managers.
The move comes on the back of a new report which indicates how a stronger relationship could increase the chances of business school graduates landing a job, while boosting the economy.
The report by the ABS and the Innovation Task Force, The Role of UK Business Schools in Driving Innovation in the Domestic Economy, highlights six areas for practical action. These include designing practice into courses, bringing more practitioners into faculties and improving how impact of research is measured.
The CMI had a say in the report and will team up with the ABS to ensure the recommendations come to fruition.
The alliance plans to review the management curriculum working with the CMI's Regional Boards, made up of managers from all sectors of the local economy and local business schools.
It wants to encourage business schools to use the local business community for case studies and ensure there is easy access to them.
The CMI and the ABS want to explore how business schools can implement a more practical approach to management education, which means adding Chartered Manager to the MBA curriculum. This would see students display and measure their positive impact on a business through a 'real-world' management project.
The partnership also plans to give students access to real-world 'mentors' from local businesses and organisations.
CMI chief executive Ann Francke said the institution welcomes the report, which points to innovative practices that help students explore the real world of management and improves their employability.
However, she said that while there are reasons for optimism, far too many business schools are not providing the practical management skills and access to employers that will give students more chance of landing a job.
"We are delighted to be working with the Association of Business Schools to put the key recommendations from this report into action," said Francke.
"By implementing these measures we will enhance business school students' practical management knowledge, improve their satisfaction and ultimately create better, more employable managers as graduates."
Copyright Press Association 2013